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45 comments:

Dear Ravi, read ur blog write up for anantshilp,though havent met u in person but know u thru kedar & we have some interactions thru FB, do drop in over cup of tea some time, just general. Now days we are in such a era that no one visits any one without cause, i am a bit old fashion on that front, may be due to roots are from vilage in vidarbha where my childhood has spent & where people still visits each other without any cause just for sake of meeting :)Sanjay deshpandeM 98220371019

Dear Ravi,I browse ur blog very regularly.I am a medical doctor by profession & have special interest in pune realty market.Yes the thought process is right -- You are a good critic.you give all sides of the project.My suggestion would be you may write about the project in a broader spectrum.people still go with the fancy promises ( free kitchen trolly,A/C in bedroom,jaquezee,automation ,video door phone etc.)instead of thinking @ LOCATION..LOCATION ..& LOCATION.You surely should educate people about the right investment.Today what is happening is that somebody ( rather many ..) having to park extra money choses to invest in pune realty..And Many timesgets traped in badly..LET US EDUCATE MASSES..FINALLY THERE DESTINY..Seeing to meet u in person..Chandrashekhar Tamane..

Investors, Right, Their training should be considered first to save 'FIRST TIME' buyers... First time buyers as well as invertors should buy it properly, without mad rush (RAT Race)... FOR THEIR OWN, as well as other's benefit... Investers buying at higher rates are fools. c.....

Dear Ravi,First of all thanks for your good work. Keep It Up !!!Regarding educating the buyers I will say it is must.As without any appreciable changes in structure,land prices,construction material prices ( I am talking about basic material not high fandu add-ons ) in last 2- 2.5 years property prices are going north at rate more than imaginable. 2003-2007 price developments were majorly once in decade. But what is happening there after is just shows how some Second time buyers jacking up / helping builders for jacking up the prices. These days it is very hard to buy a "HOME" for common man ( Read earning less than 30K per month )in Pune. One solution apart from educating buyers which comes to my mind is that property buying should be linked to PAN number and individuals should be only allowed to by 1 house. If he intend to purchase second home / upgrade/ new location there needs to be compulsion to sell first. This will help in reduction of investment buying which is actually leading to non-occupancy and in-turn pushing others in mad rush

Dear Ravi,if supply of housing is more why is it not reflected in prices?we see property prices going only in up direction over last decade.I personally feel that I had missed many opportunities on this front.so do you see. any other way than to invest as early as possible. we feel that if we do not act now we will again miss the train & in future age willl not allow me to take big risk? what is your view on this?

I visited Kul Nation.looking at price for 2 bhk (925) price is around 46 lacs.Area is totally underdevelpment and U will get possession in 2016.I think it is better to buy ready possession home in kharadi in 55 lac rather than investing Kul nation and waiting for 3 years.

Hello I really appreciate your writing. I would like to suggest you to please scrutinize Tirupati Vasantam and Kashi Ganga Projects at Dhanori.or a bit comparison of adjecent projects at Dhanori road. Thanks.

dear Ravithanks for the continuous writings on property matters, it is of tremendous help. i am from mumbai and had plans of buying a flat at goa, Zeroed on a small project of two buildings of 6 flats each. the society is rarely formed in goa... the agreement is totally in favor of the builder to the extent that the builder will use the additional FSIif approved lateron, sell the parking, change the plans, give way of rights to adjoining plots etct etc... i got out.. NO we cannot pay the price of the flat and still be tenents of the builder... in that case it is better to be just a tenent and have the funds at your disposal...deepak satam

Sir, i wanted to know is there any rule for loading in residential by PBAP/credai? If yes, how max a builder charge loading on carpet area?I heard, there would be increament in stamp Duty effective from 1st April'2013, is it right?

Hello Ravi,1) Can you please explain how the buyer can avoid VAT and Sales Tax by purchasing a fully constructed flat?2) How about the cost benefit the buyer gets by booking a flat rather than ready-possession flat? The flat prices rise faster than inflation and interest rate.3) How can buyer be assured that he will get the flat he wants by the time it's construction is ready? Somebody else may have already purchased it.4) How can you be so sure that this particular Asabe builder has not secretly soft-launched the project at construction, allowed investors and then selling the blown-up price as Ready-possession flat? The Lake-Vista prices quoted are really blown-up compared to the remote and disadvantaged location it has at JambhulWadi lake. It's the farthest point of Pune from any Industrial Area of location of employment.5) Also remember that the buyer by booking a flat is not only buying a flat, but also purchasing a dream, something similar to the challenge of growing a tree or bringing-up a child. This 'Dream' is not a 'Fantacy' of being in bed with the builder.

Hello.The superb blog create by you. I always read.Assotech Business Cresterra launched by Assotech Realty, a high class Business park at Sector 135, Noida. This Business Park provides a wide range Office Space, Tech Lab Spaces. The ABC business park also available Spaces of sizes 4270 sq. ft., 4310 sq. ft. and 4315 sq. ft. are accessible on ground floor. For more information about this project, kindly contact to Property Frames.

I strongly believe that land owners from Konkan track try to extract premium prices from buyers in places like Pune/Mumbai. This may be one of the main reasons why bookings for such schemes go on for years. They like to match the real estate prices of cities like Pune with hardly 10% of the township infrastructure. Whenever I come across such schemes I try to ask the promoters how many local people have booked in your scheme? The answer will be uncertain. No local person will buy these properties at these exorbitant prices and knowing that buyers in Pune & Mumbai are rich and can be fooled by saying "Sea Facing", Hill View", "Beach Touch", etc. .

This is w.r.t. "Ivy Estate Wagholi to Start Giving Possession of Flats"

I am sorry Ravi but it seems you had put this post in a hurry. It would have helped your image not destroy had you been a bit judicious in reading details before writing this bolg. There are many loopholes in this story like:

1) As you mentioned in Point 6 that "From this you can understand that it took more than 4 months for the verification and approval from the Town Planning even-though the project was constructed as per the norms and guidelines of Town Planning." If you read the report it clearly says that the changed plan in cub house is not as per the plan sanctioned.Who knows this is the cause of the delay as the approved plan by TPA is different than what was constructed.

2) Water Supply issue i still not resolved. They are charging the resident for the water tanker and not taking the hit on their pocket. They are not doing us any favor by making such arrangements, instead they sold the flat committing for the fresh water from the river and now they are not providing us the same. They have charged us already for the Water Treatment Plant then why should we bear the cost of tankers? If they had told that they do not commit water we could have gone to some other area and booked the flat. Who knows their inability to get water to the apartments delayed the possession?

By the way the so called caring builder did not give us possession and asked us to move in because of Supreme Court ruling and has nothing to do with our well being. If KP was so caring then why and how did they give possession to the residents of Umag Primo without the Completion certificate?

I am not even sure that you will post this comment on your blog or not but obviously I will share my comments on different mediums to ensure that people know about the missing details in this blog.

Our Struggle towards what we deserve is still on and we will fight tooth and nail to get it.

Hi Ravi,I am regular reader of your blog. Please give your opinion about Konark Orchid. Why the project is in such a delay and how come other builders are able to give possesion. Karia developers say they are fighting for environmental clearance. Is it good to stay invested in the project. Please suggest.

I am from dubai & I just wanted to share my bad experience with VTP group. I got a deal from them here in dubai which they promised was the best deal but on the other side thru a broker in Pune I got a deal for similar flat which was less by 2 .5 lakhs. Instead of accepting their mistake they cancelled by booking for which I paid the advance & 1st 20 % on site. I think you share this case on your blog to create awareness in the buyers.